Dalton Greiner Hartman Maher & Co. cut its holdings in Ducommun Incorporated (NYSE:DCO) by 6.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 121,912 shares of the aerospace company’s stock after selling 8,745 shares during the period. Dalton Greiner Hartman Maher & Co. owned about 1.06% of Ducommun worth $5,169,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of DCO. Point72 Hong Kong Ltd bought a new stake in shares of Ducommun in the 2nd quarter worth about $25,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Ducommun in the 2nd quarter worth about $36,000. New York State Teachers Retirement System bought a new stake in shares of Ducommun in the 2nd quarter worth about $41,000. Griffin Asset Management Inc. bought a new stake in shares of Ducommun in the 2nd quarter worth about $65,000. Finally, Bank of Montreal Can increased its holdings in shares of Ducommun by 422.8% in the 2nd quarter. Bank of Montreal Can now owns 1,924 shares of the aerospace company’s stock worth $87,000 after buying an additional 1,556 shares during the last quarter. Hedge funds and other institutional investors own 83.60% of the company’s stock.
A number of analysts have recently weighed in on DCO shares. SunTrust Banks downgraded shares of Ducommun from a “buy” rating to a “hold” rating and set a $45.00 target price on the stock. in a report on Friday, June 14th. Zacks Investment Research downgraded shares of Ducommun from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine downgraded shares of Ducommun from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, Noble Financial upgraded shares of Ducommun from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $49.20.
Ducommun (NYSE:DCO) last issued its quarterly earnings results on Monday, August 5th. The aerospace company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.55 by $0.11. The company had revenue of $180.50 million for the quarter, compared to the consensus estimate of $167.92 million. Ducommun had a net margin of 2.97% and a return on equity of 10.19%. The firm’s revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 EPS. As a group, equities analysts forecast that Ducommun Incorporated will post 2.54 EPS for the current fiscal year.
In other Ducommun news, Director Robert C. Ducommun sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $46.50, for a total value of $46,500.00. Following the completion of the sale, the director now directly owns 404,715 shares of the company’s stock, valued at approximately $18,819,247.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Rose F. Rogers sold 2,300 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $42.75, for a total transaction of $98,325.00. Following the completion of the sale, the vice president now directly owns 24,918 shares of the company’s stock, valued at $1,065,244.50. The disclosure for this sale can be found here. Insiders have sold a total of 3,900 shares of company stock worth $172,797 over the last quarter. 8.50% of the stock is currently owned by insiders.
Ducommun Incorporated provides engineering and manufacturing products and services primarily to the aerospace, defense, industrial, natural resources, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment offers cable assemblies and interconnect systems; printed circuit board assemblies; high-level electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, wire harnesses, surge suppressors, conformal shields, and other assemblies.
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